The Ranks of Global Billionaires: Not All Billionaires Are Made Equal
Economics Explained · 4 HN recommendations
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An Economics Explained video on the different kinds of billionaires, from founders to oligarchs. It explains how wealth is held in illiquid stock and why diversification is a problem for some.
Why HN recommends it: HN recommends it to explain why comparing billionaire net worth by share price is misleading.
“fyi youtube video of why these simplistic comparisons of "net worth" based on shares-times-stockprice is meaningless” Read on HN ↗